China’s increased interest in exploiting Africa’s crude oil is provoking criticisms not only from competing Western countries, but also from those who wonder if the exploitation activities of energy-hungry China would bring real fortunes to Africa It has been reported that Chinese interest in Nigeria’s oil may bring the country fortune. According to Financial Times report, three of the world’s biggest oil companies are poised to pay hundreds of millions of dollars to hold on to prime oil...
Full Story: Business Day Online
